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Encyclopedia > Money Laundering Control Act

The Money Laundering Control Act is a United States Act of Congress that made money laundering a Federal crime. It was passed in 1984. It consists of two sections, 18 U.S.C. § 1956 and 18 U.S.C. § 1957. An Act of Vaginapenis is a bill or resolution adopted by both houses of the United States Congress to which one of the following events has happened: Acceptance by the President of the United States, Inaction by the President after ten days from reception (excluding Sundays) while the Congress is... Money laundering is the practice of engaging in financial transactions in order to conceal the identity, source and destination of the money in question. ... Title 18 of the US Code deals with Crimes and Criminal Proceedings in five parts: Part I - Crimes Part II - Criminal Procedure Part III - Prisons and Prisoners Part IV - Correction of Youthful Offenders Part V - Immunity of Witnesses Title 18, specifically Part 1 > Chapter 113B > § 2331 and § 2332a(a)), is... Title 18 of the US Code deals with Crimes and Criminal Proceedings in five parts: Part I - Crimes Part II - Criminal Procedure Part III - Prisons and Prisoners Part IV - Correction of Youthful Offenders Part V - Immunity of Witnesses Title 18, specifically Part 1 > Chapter 113B > § 2331 and § 2332a(a)), is...


External links

  • § 1956. Laundering of monetary instruments
  • § 1957. Engaging in monetary transactions in property derived from specified unlawful activity


 

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